Chinese Official Reaffirms ‘Rebalancing’ of Economy

BEIJING — A senior Chinese official reaffirmed on Saturday a national goal of shifting China’s economy away from its dependence on investment and exports and toward a more sustainable emphasis on consumption spending. In doing so, the official, Zhang Ping, the chairman of the National Development and Reform Commission, glossed over recent data that suggested the reverse might be happening....

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Google says multiple services blocked in China

SAN FRANCISCO (Reuters) – Google Inc said several of its online services have been blocked in China.Traffic to Google’s services in China dropped sharply beginning Friday evening there, according to an online “Transparency Report” website operated by Google, which provides updates about access to its services in different parts of the world. Among...

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NHL, union meet for small, informal lunch

NEW YORK (AP) — The NHL and the players' association weren't quite ready to return to the bargaining table Saturday. But they put aside their differences long enough to at least have lunch together.After negotiations hit a rough spot Friday on the fourth straight day of talks during the lockout, the sides stayed apart through the early part of Saturday. But they remained in contact during the day...

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The New Old Age Blog: The Emotional Aftermath of Hurricane Sandy

Let’s talk about the emotional aftermath of the storm that left tens of thousands of older people on the East Coast without power, bunkered down in their homes, chilled to the bone and out of touch with the outside world.Let’s name the feelings they may have experienced. Fear. Despair. Hopelessness. Anxiety. Panic.Linda Leest and her staff at Services Now for Adult Persons in Queens heard this...

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DealBook: In Unusual Move, the Delaware Supreme Court Rebukes a Judge

As the chief judge of the Delaware Court of Chancery — the country’s most influential court overseeing business cases — Leo E. Strine Jr. has been called an activist. He has also been called an iconoclast, a genius and a humorist.But this week, Delaware’s highest court called him out of bounds.The Delaware Supreme Court issued a stinging rebuke of Judge Strine on Wednesday, criticizing him for what...

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Citing Affair, Petraeus Resigns as C.I.A. Director

The sudden development came just days after President Obama won re-election to a second term. Mr. Petraeus, a highly decorated general who had led the wars in Iraq and Afghanistan, had been expected to remain in the president’s administration. Instead, Mr. Petraeus said in the statement that the president accepted his resignation on Friday after he had informed him of his indiscretion a day...

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Social media shakes up solitary online FX trading

LONDON (Reuters) – The solitary world of online foreign exchange trading is emerging from the shadows as solo investors turn to specialist social media networks to link up with their peers and seek market-beating strategies.Individual or retail trading, estimated at 8-10 percent of the $ 2.5 trillion daily spot FX market, used to conjure an image of a...

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Lakers fire coach Mike Brown after 1-4 start

LOS ANGELES (AP) — The Los Angeles Lakers fired coach Mike Brown on Friday after a 1-4 start to his second season in charge.Lakers general manager Mitch Kupchak announced the surprising move several hours before they hosted Golden State. Assistant coach Bernie Bickerstaff will coach the Lakers against the Warriors."This was a difficult and painful decision to make," Kupchak said. "Mike was very hard-working...

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Well: Can Foods Affect Colon Cancer Survival?

A new study suggests that what you eat may affect your chances of surviving colon cancer.The research is among the first to look at the impact that specific nutrients have on the likelihood of disease recurrence in people with colon cancer, one of the leading causes of cancer death in the United States. It found that people treated for Stage 3 disease, in which tumor cells have spread to lymph nodes,...

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Your Money: After the Storm: Managing Your Homeowner’s Claim

Tom Mihalek/ReutersMark Baronowski shoveled sand from the living room of a beach front property in Bay Head, N.J., last week. Many victims of Hurricane Sandy are novices when it comes to catastrophic insurance claims. There is a sort of honeymoon period that occurs after a big storm like Hurricane Sandy, when insurance executives appear on the local news offering reassuring words. Their brightly...

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Preparing to Step Aside in China, Hu Jintao Warns of Challenges

Changing of the Guard in China: The New York Times’s Beijing correspondents discuss the challenges ahead for China as the country begins its once-in-a-decade leadership transition.BEIJING — Capping 10 careful years at the helm of the Communist Party, China’s top leader, Hu Jintao, on Thursday boasted of successes during his tenure while issuing a blunt warning against unrest and political reform....

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Exclusive: Google Ventures beefs up fund size to $300 million a year

SAN FRANCISCO (Reuters) - Google will increase the cash it allocates to its venture-capital arm to up to $300 million a year from $200 million, catapulting Google Ventures into the top echelon of corporate venture-capital funds. Access to that sizeable checkbook means Google Ventures will be able to invest in more later-stage financing rounds, which tend to be in the tens of millions...

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NHL, union hold labor talks a 3rd straight day

NEW YORK (AP) — The NHL and the players' association returned to the bargaining table Thursday, the third straight day the sides have met in an effort to end the lockout.The work stoppage reached its 54th day, and this week is considered critical for the hockey season to be saved. The lockout is threatening to force the second cancellation of an NHL season in seven years.Even if an agreement is reached...

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Global Update: Polio Eradication Efforts in Pakistan Focus on Pashtuns

Michael Kamber for The New York TimesPolio will never be eradicated in Pakistan until a way is found to persuade poor Pashtuns to embrace the vaccine, according to a study released by the World Health Organization. A survey of 1,017 parents of young children found that 41 percent had never heard of polio and 11 percent refused to vaccinate their children against it. The survey was done in...

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News Analysis: For Obama, Housing Policy Presents Second-Term Headaches

A second-term president may be just the person to tackle America’s housing problems.When President Obama first came into office, home prices were crashing, foreclosures were soaring and the previous Bush administration had just initiated the bailout of Fannie Mae and Freddie Mac, the government-backed entities that agree to repay mortgages if the original borrower defaults.With the market in shambles...

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Obama’s Other ‘Cliff’ Is in Foreign Policy

For all the talk of a “fiscal cliff” threatening the nation’s finances, President Obama also faces a foreign policy cliff of sorts, with a welter of national security issues that he put on the back burner during the campaign now clamoring for his attention. Atop that list, administration officials and foreign policy experts say, is the bloody civil war in Syria and the standoff with Iran...

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Apple shares slide to five-month low, competition grows

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